RecType

This field displays the Receivable Type for posting finance charges.

If the customer's Finance Charge Type is “A-Account”, this field defaults the receivable type specified for finance charges in AR Company Parameters (Finance Charges tab). If you did not specify a finance charge receivable type, the system uses the AR Company Receivable Type (Info tab). Select the Allow Override of Receivable Type check box (AR Company Parameters) to override this field.

If the customer's Finance Charge Type is “R-RecType”, this field is always accessible (regardless of how the Allow Override of Receivable Type check box is set), but defaults as blank. Enter the receivable type for restricting finance/service charge assessment. Only invoices with this receivable type will be included when calculating finance charges.

If the customer's Finance Charge Type is “I-Invoice”, this field is always disabled (regardless of how Allow Override of Receivable Type is set), but defaults the receivable type from the invoice to which the finance charges are to be applied.